How to Change Account Type on Cash App (Easy Guide)

Want to change account type on Cash App from personal to business or vice versa? Whether you’re a freelancer or switching to personal use, updating your account is simple. This guide walks you through the steps to switch your Cash App account type without issues.

Why Switch Account Type on Cash App?

Whether you’re a freelancer, entrepreneur, or someone managing personal expenses, Cash App’s ability to cater to personal and professional needs makes it a standout. Here’s why you might want to switch:

1. Scaling Your Side Hustle: Transitioning to a business account allows you to accept unlimited payments without hitting transaction limits.
2. Tax Compliance: Business accounts come equipped with transaction analytics and easy tax reporting, which is critical for small businesses.
3. Professionalism: Features like payment links and QR codes give your business a polished edge when dealing with clients or customers.

In 2023, over 44 million users relied on Cash App for their financial needs, and a significant portion of them leveraged its Business features to grow their ventures.

How to Change Account Type on Cash App

How to Change Cash App From Business to Personal Account

Switching from a business account back to personal is possible, but differs slightly from the reverse process. Here’s how:

1. Open Your Cash App – Log into the app on your device and navigate to your profile icon located in the top right corner.
2. Access Account Settings – Tap on “Personal” or “Account Settings” depending on your app version.
3. Locate the Switch Option – Look for “Change Account Type” or “Switch to Personal” option in your account settings.
4. Follow On-Screen Instructions – Complete the verification steps when prompted. Cash App may ask you to confirm your reason for switching back to personal.
5. Confirm the Change – Finalize the switch and wait for confirmation via email or app notification.

How to Change Cash App From Personal to Business Account

Switching from personal to business is straightforward and can be completed entirely within the app. Follow these steps:

1. Open Your Cash App – Log into the app and tap your profile icon in the top right corner.
2. Access Account Settings – Tap on “Personal” or select “Account & Settings” from the menu.
3. Switch to Business Account – Look for “Switch to a Business Account” or “Change Account Type” option and select it.
4. Provide Business Details – Enter your business information including:
   • Business name
   • Business address
   • Contact information
   • EIN (Employer Identification Number) or other business-related documents
   • Last four digits of your Social Security number
   • Photo ID and zip code
5. Complete Verification – Cash App will verify your business details. This may take some time. Follow any additional on-screen prompts to complete the verification process.
6. Confirm the Change – Once approved, you’ll receive an email confirming your switch to a business account. Your account will display a green briefcase icon next to your name, indicating it’s now a business account.

Important: Make sure your app is updated to the latest version to access all account switching features.

Features You Unlock with a Business Account

Switching to a Business account isn’t just about higher transaction limits. Here’s what makes it a game-changer:

• Unlimited Payment Receiving: Unlike Personal accounts, Business accounts can handle unlimited transactions.
• Payment Tools:
  • Payment Links: Share links directly with clients for hassle-free payments.
  • QR Codes: Perfect for in-person transactions at pop-ups or events.
• Tax Support: Automated transaction summaries simplify tax reporting for earnings exceeding $600 annually.
• Fee Transparency: While Business accounts charge 2.75% per transaction, the added tools often outweigh the costs for most entrepreneurs.

When Should You Consider Reverting?

While switching to a Business account has its perks, it may not always align with your needs. Here are scenarios where reverting to a Personal account might make sense:

• Limited Business Activity: If your side hustle is seasonal or irregular, the transaction fees might outweigh the benefits.
• Personal Use Only: If you’re no longer using Cash App for professional purposes, a Personal account is a better fit for peer-to-peer transfers and investments.

Pro Tips for Maximizing Cash App Features

1. Use Both Account Types Strategically
   Consider maintaining separate accounts for business and personal use. This keeps finances organized and ensures tax compliance.
2. Track your Cash App transactions:
   Export history monthly and categorize payments to simplify tax filing and maximize deductions.
3. Leverage Analytics
   Business accounts come with insights into payment trends. Use this data to identify your best-performing services or products.

The Bottom Line

Changing your Cash App account type is a small step that can make a big difference in how you manage your finances. For professionals and entrepreneurs, upgrading to a Business account unlocks tools that boost productivity, improve tax compliance, and elevate your brand’s professionalism.

Still unsure which account suits your needs? Start by assessing your transaction volume and financial goals. With Cash App’s flexibility, you’re never locked into one type. Switch as your life or business evolves.

So, what’s stopping you? Whether it’s a side hustle, a growing business, or a personal need, Cash App has you covered.